Threat remains of further interest rate rise
New warning from The Bank
The threat of another interest rate rise of a quarter point looms on the
horizon, following a warning from the
The Bank of England.
inflation report, the Bank said that inflation was on course to decline
sharply over the year, settling at around the government’s 2% target by the end
However, for this to happen, the City has forecast that rates will have to
rise to 5.5% – what would be a fourth interest rate rise since last August.
Economists have pencilled in May as the most likely month for an interest